Magnus CEO Matt Cartwright: On Risk in Trucking Logistics
Matt Cartwright is the CEO and Founder of Magnus Technologies. Magnus Technologies is a logistics startup that creates dynamic trucking technology to improve business processes. They are committed to providing valuable solutions to transform the transportation industry.
In this second interview, Cartwright sat down to share some of his insight into how risk has played a role in his career in logistics as well as taking stock of his accomplishments in the trucking industry and reflecting on what he would have done differently building Magnus.
What is the biggest risk that you have ever taken?
The biggest risk I ever took was quitting UPS. I was at a supervisor level, young, and on a reasonable career track that could have been easy. Then I left to go to work for a company that was smaller and less secure. For a decade and a half we built and consistently refined a platform that ran their business. What began as a struggling entity resulted in a business that generated a billion dollars. It was a risk, but one that I am proud of.
Another lesson was how to run your business with integrity. During that rebuilding time, we honored all of our vendor commitments and stayed out of bankruptcy, when it would have been easier not to. We were this little company and it was important for us to recognize the people were doing good work. Hard times have a way of revealing who people really are, and we always conducted ourselves honestly.
It is tempting to do whatever it takes to keep the business afloat, but we worked our tails off to do it the right way and honor our commitments. So those were two big risks for me: leaving a global enterprise career track job to go to a less stable one and when financial troubles hit, keeping our vendor commitments and not filing bankruptcy.
What are you most proud of that you’ve accomplished?
I woke up this morning and I fixed up my garage door last night. In all seriousness, we have built a great product that has enabled a lot of trucking companies and their workforce to provide for their future and the security of their families. That’s what’s most important to me at the end of the day.
There are a lot of people that are involved in this business and all those people have other people that depend on them. So, I take this business very, very seriously. Also, we’re doing good things for good people who also want to do good things. I consider that a success and something I am proud of.
What’s one thing you wish you would have done differently?
I wish we started five plus years ago building the Magnus network and bringing it to the industry. At that time, we could have built the Magnus Platform for commercial delivery. We’ve delivered a great solution for our customers and they like and need what we provide them. So I wish we were further along down the path than we are and the only way to have accomplished that would have been to start earlier. But you learn along those years too, so every road you travel has a purpose.